BTO IBB Jan 2022 : long strangle $115 call / $150 put @ $53.74
STO IBB Aug 28: $133 straddle @ $5.34
Excess premium bought $53.74 – $35 = $18.74, so hunting down that amount through straddle / strangle sales until Jan 2022. I setup the original trade on 18 August.
With IBB hovering around the $133 strike and 2 DTE, thought I’d drive the rolling process, rather than be driven – so rolled early:
BTC Aug 28: $133 straddle @ $2.30 (originally sold for $5.34)
STO Sep 04: $133 straddle for $3.94.
Options Bistro 